GRENADA AREA CHAMBER OF COMMERCE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1941

Legal Domicile

Principal Officer

BRAD BRANSCOME

Tax Period

2023-01-01 to 2023-12-31

GRENADA AREA CHAMBER OF COMMERCE, founded in 1941, is a small nonprofit that reported $203K in total revenue in fiscal year 2023.

Mission

THE GRENADA AREA CHAMBER OF COMMERCE WILL PROVIDE THE STRUCTURE AND LEADERSHIP FOR BUSINESSES, ORGANIZATIONS, AND INDIVIDUALS TO WORK TOGETHER FOR THE CONTINUOUS IMPROVEMENT OF SOCIOECONOMIC AND BUSINESS CLIMATE IN THE GRENADA COUNTY AREA.

Program Service Accomplishments

Program 1

Expenses: $13,641

PROMOTED COMMUNITY DEVELOPMENT FOR GRENADA, MS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $203,340

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $203,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,058

Fundraising Expenses $0

Program Expenses $13,641

Other Expenses $93,704

TOTAL EXPENSES $222,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,357	$200,121	+0.0%
Expenses	$222,762	$272,861	-0.2%
Net Income	$-19,405	$-72,740	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE AUSTIN	DIRECTOR	N/A	Director	$0	$0	$0
BRAD BRANSCOME	PRESIDENT	N/A	Director	$0	$0	$0
NATALIE BEMENT	DIRECTOR	N/A	Director	$0	$0	$0
WILL GOFF	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW HARRISON	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER HATHCOCK	VICE PRESIDE	N/A	Director	$0	$0	$0
JANET KINARD	DIRECTOR	N/A	Director	$0	$0	$0
TISHA KUHN	DIRECTOR	N/A	Director	$0	$0	$0
JANIE MORTIMER	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT WISE	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$203,357	$222,762	$492,457	$-19,405
2022	$200,118	$231,434	$558,941	$-31,316
2021	$180,109	$182,691	$546,847	$-2,582
2020	$140,108	$172,810	$504,672	$-32,702
2019	$136,464	$135,342	$510,786	$1,122
2018	$143,694	$128,762	$512,927	$14,932